How to Buy a Vacation Rental with NO Tax Returns | DSCR Loans & Investment Property Hacks

Thinking about buying a vacation home, an Airbnb short-term rental, or an investment property in Sun River or the Pacific Northwest? In this episode of Venture with Joe and Cody, Joe Skipper (Skipper Realty Group, brokered by eXp Realty) and Cody Wilhelm (Residential Mortgage) break down the real-world financing options every investor and homebuyer needs to know. Joe shares a personal case study about choosing between remodeling his current primary home or buying a vacation rental in Sun River, Oregon. Cody unpacks the 3 main ways to finance a second property—including Second Home Loans, Conventional Investment Property Loans, and Debt Service Coverage Ratio (DSCR) Loans that require zero personal tax returns or W-2 income. Plus, they review why seller-paid rate buy-downs outperform price cuts every single time for lowering monthly payments! ⏱ Timestamps / Chapters 00:00 - Intro, Squishy Trends & Teen Slang Banter 02:25 - Monthly Payment Hacks: Rate Buy-Downs vs. Price Reductions 04:45 - Real Estate Strategy: Sun River Vacation Rental vs. Primary Home Remodel 07:05 - Option 1: Second Home Mortgage (10% Down, Low Fees, No Rental Income Offset) 09:30 - Option 2: Conventional Investment Loans (15–25% Down, Rent Schedule Offset) 10:35 - Option 3: DSCR Loans Explained (No Income/DTI Verification, Perfect for Business Owners) 13:10 - Understanding Points, LLPAs & Loan Cost Structures 18:35 - How DSCR Loans Work for Short-Term Rentals & Airbnb Income 23:25 - Using Historical Short-Term Rental Data vs. Appraiser Market Rent Schedules 27:00 - DSCR Coverage Ratio Thresholds (70% Minimum to 125%+ Optimal Coverage) 31:00 - Wrap-Up & How to Connect with Joe & Cody 📍 Connect with the Hosts:Joe Skipper | Skipper Realty Group / eXp Realty Cody Wilhelm | Residential Mortgage (Serving OR, WA, and nationwide) 🎧 Listen on Spotify, Apple Podcasts, or watch every Friday on YouTube! #dscrloan #VacationRentalFinancing #SunRiverRealEstate #ShortTermRental #MortgageBroker #eXpRealty #VentureWithJoeAndCody #RateBuyDown